Oracle misses on earnings as investments drag down quarterly profit

Oracle misses on earnings as investments drag down quarterly profit

Oracle misses on earnings as investments drag down quarterly profit Oracle reported fiscal third-quarter earnings on Thursday that trailed analysts’ expectations. The stock initially slid 6% in extended trading before rebounding. Here’s how the Oracle did: Earnings: $1.13 per share, adjusted, vs. $1.18 per share as expected by analysts, according to Refinitiv. Revenue: $10.51 billion, vs. $10.51 billion as expected by analysts, according to Refinitiv. Oracle’s revenue increased 4% from a year earlier in the quarter, which ended Feb. 28, according to a statement. Net income declined 54% to $2.32…

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